THE Bank of Zambia (BoZ) says the introduction of K500 and K200 notes will not cause inflation to rise. Meanwhile, the central banks say the roll out of K2 and K5 coins has been slow because banks are withdrawing them in small quantities because of their high weight. Speaking on Diamond TV, BoZ Manager for Currency Front Office Operations Patrick Phiri said the K500 and K200 have their own specific use and are not to be rolled out in huge numbers as their pay out is restricted. “The introduction of the K500s was well thought out and it was not only the K500 that was introduced in this series. Remember, at the bottom we also introduced the K2 and K5....
